Four transactions for Automotive Maintenance and Repair Shop that took place in November 2019 appear below DATE TRANSACTION Nov 1 Ryan OMalley invested $60,000 in cash plus tools with a fair market value of $2,500 to start the business 2 Purchased equipment for $1,900 and supplies for $400 from Office Depot, Invoice 501 issued Check 100 for $550 as a down payment with the balance due in 30 days 10 Performed services for Patricia Reed for $3,400, who paid $1,250 in cash with the balance due in 30 days 20 Purchased machinery for $4,500 from Craft Machinery, Inc , Invoice 709 issued Check 101 for $1,750 in cash as a down payment with the balance due in 30 days Record the transactions in the general journal and post them to the appropriate ledger accounts Analyze What liabilities does the business owe as of November 30 Journal entry worksheet Ryan OMalley invested $60,000 in cash plus tools with a fair market value of $2,500 to start the business Note Enter debits before credits Date General Journal Debit Credit Nov 01, 2019 Journal entry worksheet Purchased equipment for $1,900 and supplies for $400 from Office Depot, Invoice 501 issued Check 100 for $550 as a down payment with the balance due in 30 days Note Enter debits before credits Date General Journal Debit Credit Nov 02, 2019 Journal entry worksheet Performed services for Patricia Reed for $3,400, who paid $1,250 in cash with the balance due in 30 days Note Enter debits before credits Date General Journal Debit Credit Nov 10, 2019 Journal entry worksheet Purchased machinery for $4,500 from Craft Machinery, Inc , Invoice 709 issued Check 101 for $1,750 in cash as a down payment with the balance due in 30 days Note Enter debits before credits Date General Journal Debit Credit Nov 20, 2019

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Four transactions for Automotive Maintenance and Repair Shop that took place in November 2019 appear below. DATE TRANSACTION Nov. 1 Ryan OMalley invested $60,000 in

Four transactions for Automotive Maintenance and Repair Shop that took place in November 2019 appear below.

DATE	TRANSACTION
Nov. 1	Ryan OMalley invested $60,000 in cash plus tools with a fair market value of $2,500 to start the business.
2	Purchased equipment for $1,900 and supplies for $400 from Office Depot, Invoice 501; issued Check 100 for $550 as a down payment with the balance due in 30 days.
10	Performed services for Patricia Reed for $3,400, who paid $1,250 in cash with the balance due in 30 days.
20	Purchased machinery for $4,500 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $1,750 in cash as a down payment with the balance due in 30 days.

Record the transactions in the general journal and post them to the appropriate ledger accounts. Analyze: What liabilities does the business owe as of November 30?

Journal entry worksheet

Ryan OMalley invested $60,000 in cash plus tools with a fair market value of $2,500 to start the business.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Nov 01, 2019

Journal entry worksheet

Purchased equipment for $1,900 and supplies for $400 from Office Depot, Invoice 501; issued Check 100 for $550 as a down payment with the balance due in 30 days.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Nov 02, 2019

Journal entry worksheet

Performed services for Patricia Reed for $3,400, who paid $1,250 in cash with the balance due in 30 days.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Nov 10, 2019

Journal entry worksheet

Purchased machinery for $4,500 from Craft Machinery, Inc., Invoice 709; issued Check 101 for $1,750 in cash as a down payment with the balance due in 30 days.

Note: Enter debits before credits.